During the week ending July 7, average Chinese steel pipe export offer prices have remained stable. At present, export offers for welded pipe given by Chinese suppliers are in the range of $800-830/mt FOB, moving sideways week on week, while export offers for API 5L seamless pipe given by Chinese suppliers are at $835-855/mt FOB, September shipment, remaining stable compared to that recorded on June 30.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
API 5L seamless pipe |
Gr.B |
2’’-6’’ Std |
845 |
0 |
Seamless pipe, casing (hot rolled forming) |
J55 |
3’’-8’’ Std |
905 |
0 |
Seamless pipe, tubing (cold drawn forming) |
ST37 |
< 3’’ Std |
1,150 |
0 |
Welded pipes |
Gr.B |
2’’-6’’ Std |
815 |
0 |
During the given week, steel pipe prices have remained stable amid the production restrictions in Tangshan, the major steelmaking hub in China due to the 100th anniversary of the founding of the Communist Party of China. Market players mostly have been holding a wait-and-see stance. It is expected that steel pipe prices will likely move sideways in the coming week.
Rebar futures prices at Shanghai Futures Exchange (SHFE) stand at RMB 5,439/mt ($840/mt) on July 7, up RMB 292/mt ($45.1/mt) or 5.7 percent from June 30.
$1 = RMB 6.4762
